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A first charge bridging loan is a loan where the lender has primary claim over the property if the loan isn't repaid, meaning they are the first to be paid in case of default.

The amount you can borrow depends on the property's value and the lender's criteria. Typically, you can borrow up to 75% of the property's value, with a deposit requirement of at least 25%.

Bridging loans are known for their speed, with some lenders offering funds within as little as 1-2 weeks, making them ideal for time-sensitive situations.

Buy to Let mortgages usually require a larger deposit, have higher interest rates, and are based on the expected rental income rather than just your personal income.

Most lenders prefer applicants to already own their own home (either outright or with a mortgage), but we may consider first-time buyers depending on the circumstances.

No, you cannot live in a property purchased with a Buy to Let mortgage. Doing so may breach your mortgage terms.

Some lenders allow it. At Mercantile Trust, we allow it only for distant relatives. 

A business loan is a type of financing designed specifically to help businesses access capital, with repayment structured over a fixed term.

A business loan is a flexible source of finance commonly used to support a company's growth and manage day-to-day operations. Whether you're looking to expand or stabilise your cash flow, business loans can provide the funding you need. Common uses of a business loan include: Purchasing commercial premises Buying stock or inventory Covering operational expenses Relocating your business Hiring new employees Business loans are an essential tool for small and medium-sized enterprises (SMEs) aiming to scale, invest in infrastructure, or meet short-term financial needs.